# Table 6: Governance and KAOPEN Interactions

| Variable | Baseline | + Z × governance | + Z × KAOPEN (dm) | + Z × gov + Z × KAOPEN | + CCA dummy | + Z × gov + CCA dummy |
|---|---|---|---|---|---|---|
| Z_1 | 50.28*** (14.47) | 60.47*** (13.73) | 39.85*** (15.14) | 46.17*** (14.13) | 58.48*** (14.42) | 63.24*** (13.67) |
| Z_2 | -8.10*** (2.16) | -9.40*** (2.04) | -6.34*** (2.29) | -6.97*** (2.12) | -8.79*** (2.14) | -9.43*** (2.03) |
| Z_3 | 0.34*** (0.09) | 0.39*** (0.08) | 0.27*** (0.09) | 0.28*** (0.09) | 0.36*** (0.09) | 0.38*** (0.08) |
| gov_dm | — | 1.05 (0.67) | — | 1.43** (0.71) | — | 0.38 (0.68) |
| Z_1_x_gov | — | -32.69** (16.13) | — | -58.07*** (19.01) | — | -35.71** (16.06) |
| Z_2_x_gov | — | 5.47** (2.42) | — | 9.74*** (2.85) | — | 5.61** (2.40) |
| Z_3_x_gov | — | -0.23** (0.10) | — | -0.42*** (0.12) | — | -0.23** (0.10) |
| kaopen_dm | — | — | -1.00*** (0.25) | -1.10*** (0.25) | — | — |
| Z_1_x_kaopen_dm | — | — | 14.50 (9.20) | 28.07*** (10.04) | — | — |
| Z_2_x_kaopen_dm | — | — | -2.44* (1.39) | -4.76*** (1.53) | — | — |
| Z_3_x_kaopen_dm | — | — | 0.11* (0.06) | 0.21*** (0.06) | — | — |
| is_cca | — | — | — | — | -5.09*** (0.96) | -4.09*** (0.96) |
|---|---|---|---|---|---|---|
| n_countries | 138 | 138 | 138 | 138 | 138 | 138 |
| n_obs | 2746 | 2615 | 2746 | 2615 | 2746 | 2615 |
| r_squared | 0.2712 | 0.2997 | 0.2770 | 0.3231 | 0.2814 | 0.3050 |